7-Attachment J - Payment Bond.pdf
PDF 17 KB Posted
- Solicitation number
- 25/0423
- Issued by
- Harris County, Texas
About this file
This is a Payment Bond form required by the Texas Department of Insurance for a contract with Harris County, Texas, related to Phase 2 Indoor Enhancements at John Paul Landing Environmental Education Center for Harris County Precinct 4. The bond is executed pursuant to Texas Government Code 2253.001, et seq., and serves as a guarantee that the principal contractor will pay all claimants, including subcontractors, laborers, and material suppliers involved in the performance of the contract work. The form requires completion of standard bond information including the principal's name and contact details, the surety company's corporate information and authorized Texas agent, Harris County as the obligee, the bond amount in dollars, the contract date, and the job description.
The bond must be signed and dated by both the principal and the corporate surety's attorney-in-fact, with acceptance and approval by a Harris County representative. The bond remains in full force and effect unless the principal fulfills all payment obligations to claimants and subcontractors as specified in the underlying contract. All liabilities and determinations under the bond are governed by the provisions of Texas Government Code 2253.001, et seq., ensuring compliance with state statutory requirements for payment bonds on public construction projects in Texas.
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Text version
Attachment J
PAYMENT BOND
Texas Department of Insurance 1-800-578-4677 BOND NUMBER _______________________ Pursuant to Texas Government Code 2253.001, et. seq, as amended
STATE OF TEXAS
COUNTY OF HARRIS
KNOW ALL MEN BY THESE PRESENTS:
That________________________, address:______________________________, phone: (___)_______________, Hereinafter called the Principle; and ______________________________, mailing address:
___________________________________________________, physical address:
____________________________________________________, phone: ______________________, a corporation;
existing under and by virtue of the laws of the State of ______________________ and authorized to do an indemnifying business in the State of Texas, and whose principal office is located in the City of __________________________, State of __________________________, whose registered agent residing in the State of Texas, authorized to accept service in all suits and actions brought within said State, is (individual’s name): ______________________________________, mailing address: ______________________________________________________, physical address:
___________________________________________________________________________, phone:
_______________________, hereinafter called Surety, are held and firmly bound unto the County of Harris, State of Texas, in the full sum of _____________________________________Dollars______________ for the payment whereof, the said Principal and Surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has entered into a certain written contract with the Obligee, dated the day of , 20___, for Job __________, which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein.
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall pay all claimants supplying labor and material to him or a subcontractor in the prosecution of the work provided for in said contract, then, this obligation shall be void; otherwise to remain in full force and effect.
PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of, Texas Government Code 2253.001, et.
seq, as amended, and all liabilities of this bond shall be determined in accordance with the provisions of said article to the same extent as if it were copied at length herein.
IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instrument this ___________ day of ________________________, 20 _________.
Accepted and Approved on behalf of Harris County _________________________________on ________________________________, 20 __________
(Principal)
By:
(Corporate Surety)
Countersignature:
By:
(Attorney-in-fact)
Agency Name:
Address:
License No.:
Phone No.:
File details come from the government source that posted it. Updated .